Slatkin brothers’ $280M loan on luxe Santa Monica hotels sent to special servicing
A $280 million loan on the Slatkin brothers’ Casa del Mar and Shutters on the Beach was sent to special servicing over a disagreement on an extension stipulation. The hotelier brothers, Edward and Thomas Slatkin, were “unable to meet the maturity extension conditions” on the loan backing the luxe Santa Monica hotels, servicer commentary via Morningstar Credit indicated. Thomas Slatkin didn’t deny that, but still doesn’t agree with the move. “The current matter involves a disagreement regarding one of the loan’s extension provisions. We believe the special servicer has taken an unnecessarily aggressive position, despite the hotels’ strong financial performance […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
How to Design for Comfort You Feel, But Don’t See
The Color of Money
Hard hats and a movie at Samueli’s $5B OCVibe project
Is Your Water Damaging Your Hair and Skin? Here’s How to Fix It
At Hermès’s New London Flagship, History Is the Ultimate Luxury
Seven interiors where billiard tables are available on cue
Things You Should Never Plug Into a Power Strip, According to an Electrician
ELLE Decor Exclusive: A New Look for the Emmys Set
On the Couch with David Haskell
Nature vs. nurture: Malibu’s wonders outweigh regulatory handholding for some
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA